Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
How to read this profile
BLS projects U.S. employment for Loan Officers to increase by 1.1% between 2024 and 2034, from 283,000 to 286,000 jobs. Its estimate of 17,100 annual openings includes replacement needs, so it does not represent current vacancies, contract postings, or freelance demand. The wage ($76,690), education (Bachelor's degree), and related experience (Less than 5 years) figures on this profile describe typical U.S. employees. O*NET skills describe the occupation; they do not assess an individual worker's proficiency.
Base employment (2024)
283,000
Projected employment (2034)
286,000
Projected change (2024–2034)
1%
Annual openings (projected average)
17,100
Pay & Preparation
$76,690
Bachelor's degree
Less than 5 years
Moderate-term on-the-job training
Essential Skills
Speaking (4/5) • Active Listening (4/5) • Judgment and Decision Making (3.88/5) • Reading Comprehension (3.88/5) • Critical Thinking (3.75/5) • Writing (3.38/5)
O*NET describes occupational requirements; these ratings do not measure current job-posting frequency or an individual worker’s proficiency.
BLS projections are long-term estimates; annual openings include growth and replacement needs and are not current vacancies.
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